North Hobbs, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
North Hobbs's Overall Cost Of Living
Lower Than The National Average
34 out of 44
In New Mexico
2,601 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means North Hobbs is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in North Hobbs, NM?

According to the most recent data on the cost of living, North Hobbs has an overall cost of living index of 96 which is 1.0x lower than the national index of 100.

Compared to only New Mexico, North Hobbs has a cost of living index that's 1.0x higher than New Mexico's index of 92.

The standard of living in North Hobbs ranks as #2,601 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies North Hobbs ranks as the #3,818 most expensive place in the Land of Enchantment.

For more reading on life in North Hobbs, check out:

North Hobbs Cost Of Living Vs. New Mexico

Living Expense North Hobbs New Mexico National Average
Overall 96 92 100
Services 96 92 100
Groceries 89 94 100
Health 103 98 100
Housing 90 87 100
Transportation 97 88 100
Utilities 100 91 100
For more reading on cost of living around New Mexico, check out:
North Hobbs Cost of Living Vs. NM

North Hobbs, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic North Hobbs New Mexico United States
Median Home Value $184,100 $175,700 $229,800
Median Rent $989 $857 $1,096
Median Income $71,272 $51,243 $64,994
Home Value To Income 2.6x 3.4x 3.5x
Rent To Monthly Income 0.17x 0.2x 0.2x

Detailed North Hobbs Services Costs Vs. New Mexico

Item North Hobbs New Mexico
Shampoo $1.03 $1.06
Movie $9.38 $10.68
Bowling $12.5 $14.67

Detailed North Hobbs Groceries Costs Vs. New Mexico

Item North Hobbs New Mexico
Ground Beef $3.98 $4.22
Fried Chicken $1.15 $1.39
Milk $1.73 $2.05

Detailed North Hobbs Health Costs Vs. New Mexico

Item North Hobbs New Mexico
Haircut $19.2 $18.62
Beauty Salon $35.0 $39.05
Toothpaste $2.27 $2.34

Detailed North Hobbs Transportation Costs Vs. New Mexico

Item North Hobbs New Mexico
Potatoes $1.97 $3.29
Pizza $12.33 $10.62
Beer $10.43 $9.38
Optometrist $122.5 $108.57
Doctor $136.25 $116.17
Dentist $90.0 $99.13

Detailed North Hobbs Utilities Costs Vs. New Mexico

Item North Hobbs New Mexico
Gasoline $2.06 $2.22
Tire Balancing $49.53 $50.07
All Electricity $164.79 $167.67
Phone $184.35 $175.64

North Hobbs SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around North Hobbs

City Population Cost Of Living Vs. North Hobbs
Hobbs, NM 38,475 88 0.9x
Andrews, TX 13,797 90 0.9x
Lovington, NM 11,400 86 0.9x
Seminole, TX 7,683 89 0.9x

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